The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-26
FINANCE and COMMERCE.
HONEY 2 TO 8 PER CENT, NEW
YORK EXCHANGE rs PREM.
Cotton Dull - Middling Cotton, Zoe
sales Today 80
Bales


MONDAY EVENING, July Is, 1881
Money isin active demand at z to s
per cent, with outside figure ruling.
The bank loans are restricted to Gus.
toners at the came figures.
There were no transactions at the
Stock Call Board today. The local cot.
ton market closed dull aud of IL, mid.
ding being quoted at 10c.
At New Orleans spots declined &c
and futpres closed quist and ofi 10 to
10 points on the old crop months and
Is points of on the new.
The Liverpool spot cotton market
was practically easier and unchanged,
with futures of to 8 points.
New YorS spots closed easy and I'M.
changed, while futures closed easy and
Is points of for September. July and
August unchanged. The new crop
months closed IA to 10 points of.
q. L. Greene & Co.'s report on cot.
ton futures says: "The market has
been irregular, with a showing Of
strength on the old crop and weakness
on the later months. Early in the
day August dropped some seven
points under tame accounts from
abroad, bat there appeared to be q
fear OF come sort OF manipulation, and
the loes Waa siterward recovered
The new crop, however, has been
pretty freely offered throughout and
shaded l4@l6 points; sellers appear.
ing to be- impressed with the iavora-
BILE accounts from the South and ehort.
ing the market with somewhat liberal
method. At the close there was a
small recovery, but not much inn
provement in demand and the feeling
barely steady"
The frat receipts Of the rice crop OF
1887 reached New Orleans from ST..
Charles parish, La, on Saturdays
lot Of eighteen sacks OF rough. 1t was
sold at the Produce Exchange at SIC,
TIE bidding opening a, Sc. The rice
clsssed fair and was well matured.
The fret rice last season was received
on the 9Th OF August and brought IL d,
per pound. The firm OF ]. d. Peet &
Co, which failed some days since, pc
titioned the New Orleans Cotton Ex.
change las. Saturday to be reipstated
under the rules.
The latest news from New York in.
dictates thSt groceries are growing
sitter, sugars are continuing on the
upward line. with raws showing an
advance, and coffee reported firm. In
the Memphis market today coffee was
advanced 4: on all grades, and tending
higher.
The London Mark Lane Express Of
the 25!h instant, In its weekly review
Of the British grain trade, says: Part
Of the Southern wheat crop is already
Gu, and II the dry weather holds the
whole crop will be harvested and
thrown on the msrket, and prices will
decline 10 zero, but II rain sets In the
grain will have no chance Of being
converted into pigs feed. This will
result In a spirit Of trade, but ,here
Is wheat enough in the world to again
bring vOlues oven below the present
level, Ths Eills7 wheat growers
lends are irrttrievably ruined, wheth.
or his wheat goes straight TO the mar.
ket or TO the Ias. Tlaie is sick unto
death.
IMPORTS.
Seventy 20 SKIS Drau. 10 bbls BEAM
and peag, go rolls Begging, 100 pkgs
bacon, GU psgs boJts and shoes, $500
bu corn, 20 pkgs cheese, 200 exc coffee,
1900 skis citton seed, 4 cars coion
seed, 1852 pkes dry goods, 43 pkgs egge,
1920 bbls hour, 200 bales nay, so pkgs
hats, 90 hpsi cattle, % nesd horses
and N ules, 900 pkgs lsid, l24, 900 feet
lumber, 90 pigs liquor, 3 cars lime,
l25 bills meal, 20 b9ls molasses, $1,000
bu oats. 20 bills p ititnes, cars pork
sidee, $50 bbls ougsr, sos pkgs tobacco,
240O bu wheat.